CFM Wealth Partners LLC Boosts Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

CFM Wealth Partners LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 99,877 shares of the e-commerce giant’s stock after purchasing an additional 2,191 shares during the quarter. Amazon.com accounts for approximately 3.6% of CFM Wealth Partners LLC’s holdings, making the stock its 6th biggest holding. CFM Wealth Partners LLC’s holdings in Amazon.com were worth $18,016,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AMZN. Montag A & Associates Inc. grew its holdings in Amazon.com by 13.4% during the 3rd quarter. Montag A & Associates Inc. now owns 171,891 shares of the e-commerce giant’s stock worth $21,851,000 after acquiring an additional 20,358 shares during the last quarter. Fiera Capital Corp grew its holdings in Amazon.com by 6.7% during the 3rd quarter. Fiera Capital Corp now owns 232,452 shares of the e-commerce giant’s stock worth $29,549,000 after acquiring an additional 14,604 shares during the last quarter. City of London Investment Management Co. Ltd. grew its holdings in Amazon.com by 118.7% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 25,315 shares of the e-commerce giant’s stock worth $3,218,000 after acquiring an additional 13,740 shares during the last quarter. Lee Financial Co grew its holdings in Amazon.com by 6.4% during the 3rd quarter. Lee Financial Co now owns 5,805 shares of the e-commerce giant’s stock worth $738,000 after acquiring an additional 347 shares during the last quarter. Finally, Curran Financial Partners LLC grew its holdings in Amazon.com by 13.1% during the 3rd quarter. Curran Financial Partners LLC now owns 6,347 shares of the e-commerce giant’s stock worth $807,000 after acquiring an additional 736 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $193.25 on Friday. The stock has a market capitalization of $2.01 trillion, a P/E ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $199.84. The company has a 50 day moving average of $183.87 and a 200-day moving average of $173.11. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 5,264 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the completion of the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Rubinstein sold 5,264 shares of Amazon.com stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total transaction of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at $19,836,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,338 shares of company stock valued at $11,894,344. 10.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. Raymond James increased their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. BMO Capital Markets raised their target price on shares of Amazon.com from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $215.86.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.